Vietnam’s Crude Oil, Coal Export Values Up

Vietnam’s crude oil, coal export values up

HANOI, Oct. 28 (Xinhua) — Vietnam is estimated to earn more than 6.7 billion US dollars from exporting crude oil and coal in the first 10 months of this year, accounting for nearly 25.4 percent of the country’s total export revenues in the period.

Between January and October, the country sold overseas roughly 15 million tons of crude oil worth over 6.2 billion US dollars, down 7.2 percent in volume but up 33.5 percent in value over the same period last year, according to the country’s General Statistics Office on Friday.

The local commodity went mainly to China, Singapore, Japan, England and the United States. Vietnam has so far this year pumped out nearly 15.3 million tons of crude oil, down 8.4 percent, and more than 5.3 billion cubic meters of natural gas, up 4.2 percent.

In the 10-month period, Vietnam, for the first time, earned 502 million US dollars from shipping abroad nearly 13 million tons of coal, posting year-on-year surges of 80.3 percent and 38.2 percent, respectively.

The country plans to sell some 14 million tons of coal overseas this year, up 32 percent over last year, of which 9 million tons are expected to go to China.

Last year, Vietnam exported more than 10.6 million tons of coal valued at 319 million US dollars, to over 20 countries and regions, including China, Japan, South Korea, Thailand, Malaysia, India, Brazil and members of the European Union.